The ever-changing landscape of regulatory compliance challenges financial institutions, globally. In an effort to enhance transparency in the over-the-counter (OTC) derivatives market, promote financial stability and support the detection and prevention of market abuse, the world’s financial regulators began to introduce an ongoing series of regulatory reforms, of which many require accurate and timely reporting of transactions in OTC markets.

Compliance with these requirements presents technological challenges to financial institutions; they must identify, capture, collate and format derivative transaction data for reporting. Global market participants face further challenges in dealing with the requirements of multiple jurisdictions, each with its own regulators and evolving requirements and punitive consequences for failing to meet demands.

These conditions require global market participants to have a flexible, scalable and efficient derivative reporting solution. In this paper, we examine the advancements in process modelling and best practices in agile system delivery in creating an industry-leading solution that minimizes the exposure of its adopter to both financial loss and reputational risk.

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